New Issue: JPMorgan prices $381,000 digital barrier notes linked to Russell, S&P

By William Gullotti

Buffalo, N.Y., Nov. 5 – JPMorgan Chase Financial Co. LLC priced $381,000 of 0% digital barrier notes due Sept. 1, 2022 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If all indexes finish at or above the 75% barrier level, the payout at maturity will be par plus 7.5%.

Otherwise, investors will be fully exposed to the decline of the least performing index from its initial level.

The notes are guaranteed by JPMorgan Chase & Co.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital barrier notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$381,000
Maturity:	Sept. 1, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If all indexes finish at or above barrier level, par plus 7.5%; otherwise, full exposure to the decline of the worst performing index from its initial level
Initial levels:	2,224.957 for Russell, 4,400.64 for S&P
Barrier levels:	1,668.71775 for Russell, 3,300.48 for S&P; 75% of initial levels
Pricing date:	July 28
Settlement date:	Aug. 2
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48132U6Z1

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